Hello there.

It’s Wednesday, baby! Since tariffs are apparently a thing we have to worry about again, let’s talk about how to get ahead of them.

Up Next:

Turns out, the scrap thieves living in your walls may have been onto something. Maybe we should offer a penny for their thoughts. Let’s break it down. 👇

In partnership with Greenland Energy Company

In October 2026, Greenland Energy Company (NASDAQ: GLND) plans to spud the first modern onshore oil wells in Greenland's history — OPW-1 and OPW-6, drilled to 3,500 metres. GLND has rights to earn up to a 70% working interest after funding and completing the first two wells, subject to the farm-out terms*.

The same month, Dr. Phil McGraw's Envoy Media is set to premiere Arctic Wildcatters, a six-part docuseries chronicling the entire campaign — projected to reach 220M+ TV households across the U.S.

Behind it all: 58 prospects mapped by Sproule, up to ~13 billion barrels of gross un-risked prospective resources, and a locked-up post-deSPAC float currently trading with reported borrow rates near ~827%.

One basin. One month. One ticker.

Read the updated investor presentation here — before the cameras start rolling.

→ Learn More About GLND

*Filings indicate 50% after the first well and 70% after the second.

**This is a paid advertisement by Greenland Energy Company

Copper prices have been absolutely ripping for over a year, and last week futures hit a record high of almost $6.90 per pound. But here's where it gets interesting for people trying to figure out what Trump is gonna do next with tariffs.

There's this nerdy trade that hedge funds and metal traders use to make money off price differences between US copper and London copper. It used to just be about supply and demand stuff, like what's happening in China or if there's a mining disaster somewhere in South America. Now it's basically become a live scoreboard for tariff risk.

The bigger the gap between US copper prices and London prices, the more people think tariffs are coming. Analysts have found that the current price gap implies about a 15% chance we get a 15% tariff by January 2027. That jumps to 37% for a 30% tariff by January 2028.

Why does any of this matter? Because the US just imported more copper than it has in 12 years. AI data centers, power grid upgrades, and defense spending are all gobbling up copper like crazy, and the White House is getting nervous about relying on imports. Analysts say the wide premium is keeping copper prices high while we all wait to see what happens. Basically, if you want to know what traders really think about tariffs, stop reading headlines and start watching copper spreads.

PayPal's been having a rough go of it lately, and now Stripe and private equity giant Advent International are circling like sharks. The two companies offered $60.50 a share back in July, which would have valued PayPal at around $53 billion. PayPal said no thanks, but apparently the talks never actually stopped.

And in case you haven’t noticed, PayPal's stock has been getting demolished. The company was trading at historic lows before the offer, worth around $40 billion. That's down from a peak of $360 billion during the pandemic when everyone and their grandma was shopping online. It’s the kind of dip that just isn’t sustainable.

The new CEO, Enrique Lores, has been trying to turn things around since March. He split the company into three parts: checkout stuff, Venmo, and payments/crypto. He also announced plans to cut about 20% of the workforce over the next few years. Fun times.

If Stripe actually pulls this off, it would be massive. We're talking about one of the biggest payment processors on the planet, handling roughly $3.7 trillion in payments every year. Stripe would get Venmo, PayPal's checkout system, and all its crypto features in one swoop. They'd also be way less dependent on Visa and Mastercard, which is huge.

The talks could still fall apart, but if a deal happens, we could hear about it in the next few weeks. Either way, PayPal's pandemic glory days feel like a fever dream at this point.

A lot can happen in a week!

Let’s take a quick look at who struck gold and who struck out since our last issue:

Micron Technology, Inc. (MU): +8.54%
Space Exploration Mfg. Company (SPCX): +4.67%
Tesla, Inc. (TSLA): +1.97%
Meta Platforms, Inc. (META): +1.89%
NVIDIA Corporation (NVDA): +1.19%

Broadcom Inc. (AVGO): -9.82%
Amazon.com, Inc. (AMZN): -6.27%
Microsoft Corporation (MSFT): -4.85%
Alphabet Inc. (GOOGL): -3.92%
Taiwan Semiconductor (TSM): -1.32%

That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.

Till next time,
— Brandon and Blake of Invested Inc.